CONDO ARCHIVES

Conversion of Excess Parking Spaces to Paid Parking

December 2016

It is not uncommon for condo buildings to have a surplus of parking spaces.

Some condo corporations may wish to convert excess parking spaces to paid parking available to the public as a way to generate revenue for the corporation.

Toronto City Council has decided that 100% residential buildings are not allowed to convert their residential parking spaces.

Residential condo buildings with commercial space can convert unused parking spaces to paid parking available to the public.